Monday, 10 December 2018

Chevron frees up $3.6bn for fracking in Permian Basin

Chevron rig in the Permian Basin Chevron rig in the Permian Basin

Boosting upstream investment, Chevron has set aside $3.6 billion for fracking in the Permian Basin out of a total $20 billion of capital spending in 2019. The decision comes as U.S. recoverable shale oil and gas reserves have been assessed at a record high.

Subscriber content
  Full content is available only to subscribers
please log in below or subscribe now
Or request to register for a free 14 day trial here